Godlike Productions - Discussion Forum
Users Online Now: 2,102 (Who's On?)Visitors Today: 827,959
Pageviews Today: 1,088,209Threads Today: 266Posts Today: 4,006
09:12 AM


Rate this Thread

Absolute BS Crap Reasonable Nice Amazing
 

Bitcoin and Digital currencies will break the Banks and Cause massive inflation and BTC will hit 500k!

 
plushtek

User ID: 74914741
Australia
05/19/2017 12:32 AM
Report Abusive Post
Report Copyright Violation
Bitcoin and Digital currencies will break the Banks and Cause massive inflation and BTC will hit 500k!
Bitcoin and Digital currencies will break the Banks and Cause massive inflation and hit 500k!

1/Banks need liquidity for loans and bank transactions to make profits for share holders and Fat CEOS, money is flowing out of the banks into the cypocriptic currencies. Also in some countries there are negative interest rates or little of no advantage having a savings account because fees chew up your savings or low interest rates.

2/BTC is free market with no short selling yes you can sell it down for profit but you cant naked short it like gold which is paper traded.

3/Things will get more expensive because currencies are going down pegged against BTC have you noticed its happening already.

4/It has more time to run because a lot of investors are still on the side line because people don't know it like they didn't know the Internet in 1994 but now everyone uses the Net.

5/The bubble cant bust because it will get to big and have its own true value because they can only mine a certain amount by the year 2140.Other digital currency will be pegged against it.

6 People will prefer to use this kind of transaction because its instant like like a bank transfer taking 3days with a middle man .PLus the fees are like a fraction to the banks.
7.It will actually be a one world currency not like normal money where you have to exchange it for what ever country your in.

These are just my personal thoughts.
Anonymous Coward
User ID: 72715943
United States
04/21/2024 01:34 AM
Report Abusive Post
Report Copyright Violation
Re: Bitcoin and Digital currencies will break the Banks and Cause massive inflation and BTC will hit 500k!
banana2
Anonymous Coward
User ID: 86970901
Netherlands
04/21/2024 01:36 AM
Report Abusive Post
Report Copyright Violation
Re: Bitcoin and Digital currencies will break the Banks and Cause massive inflation and BTC will hit 500k!
If cash is worthless than so is Bitcoin. $500K = a loaf of bread.
Anonymous Coward
User ID: 72715943
United States
04/21/2024 01:55 AM
Report Abusive Post
Report Copyright Violation
Re: Bitcoin and Digital currencies will break the Banks and Cause massive inflation and BTC will hit 500k!
Wrong…you trade Bitcoin directly for goods and services
Anonymous Coward
User ID: 72715943
United States
04/21/2024 01:58 AM
Report Abusive Post
Report Copyright Violation
Re: Bitcoin and Digital currencies will break the Banks and Cause massive inflation and BTC will hit 500k!
65,077
Anonymous Coward
User ID: 86286425
Colombia
04/21/2024 02:00 AM
Report Abusive Post
Report Copyright Violation
Re: Bitcoin and Digital currencies will break the Banks and Cause massive inflation and BTC will hit 500k!
Wrong…you trade Bitcoin directly for goods and services
 Quoting: Anonymous Coward 72715943


wrong. you trade bitcoin for a first level fiat and then trade that for goods and services. bitcoin and crypto in general is a second level fiat. a fiat built on other fiats.

a ponzi scheme in other words.
Anonymous Coward
User ID: 72715943
United States
04/21/2024 02:00 AM
Report Abusive Post
Report Copyright Violation
Re: Bitcoin and Digital currencies will break the Banks and Cause massive inflation and BTC will hit 500k!
Study it more closely
Anonymous Coward
User ID: 80981944
Singapore
04/21/2024 02:03 AM
Report Abusive Post
Report Copyright Violation
Re: Bitcoin and Digital currencies will break the Banks and Cause massive inflation and BTC will hit 500k!
Most of this is hopium, trying to transfer psychologically the immutable characteristics of gold/silver (the only real money in existence) to a digital proxy.

I'm not anti-crypto, and it will have fits and spurts to the upside, blut it will never supplant gold.

The big wigs are stacking gold, not bitcoin.
Anonymous Coward
User ID: 72715943
United States
04/21/2024 02:03 AM
Report Abusive Post
Report Copyright Violation
Re: Bitcoin and Digital currencies will break the Banks and Cause massive inflation and BTC will hit 500k!
65099
Anonymous Coward
User ID: 86948745
United States
04/21/2024 02:05 AM
Report Abusive Post
Report Copyright Violation
Re: Bitcoin and Digital currencies will break the Banks and Cause massive inflation and BTC will hit 500k!
The end of the NWO Central Banking.
Anonymous Coward
User ID: 72715943
United States
04/21/2024 02:05 AM
Report Abusive Post
Report Copyright Violation
Re: Bitcoin and Digital currencies will break the Banks and Cause massive inflation and BTC will hit 500k!
Yes
Anonymous Coward
User ID: 78838703
Switzerland
04/21/2024 02:07 AM
Report Abusive Post
Report Copyright Violation
Re: Bitcoin and Digital currencies will break the Banks and Cause massive inflation and BTC will hit 500k!
In order to control you they need to consume all your saving and take over your assets.

When you will own nothing besides being "happy" (under constant sedation) you will also be unable to say no to anything.

Bitcoin has the exact same function as the casino, the stock exchange,etc...milk your liquidity. Push you to get rid if your assets to play the roullete.

Remember, they own all the casinos...whaever you like to call them.
Anonymous Coward
User ID: 72715943
United States
04/21/2024 02:08 AM
Report Abusive Post
Report Copyright Violation
Re: Bitcoin and Digital currencies will break the Banks and Cause massive inflation and BTC will hit 500k!
Thank you for your opinion
Anonymous Coward
User ID: 78934466
United States
04/21/2024 02:11 AM
Report Abusive Post
Report Copyright Violation
Re: Bitcoin and Digital currencies will break the Banks and Cause massive inflation and BTC will hit 500k!
Bitcoin and Digital currencies will break the Banks and Cause massive inflation and hit 500k!

1/Banks need liquidity for loans and bank transactions to make profits for share holders and Fat CEOS, money is flowing out of the banks into the cypocriptic currencies. Also in some countries there are negative interest rates or little of no advantage having a savings account because fees chew up your savings or low interest rates.

2/BTC is free market with no short selling yes you can sell it down for profit but you cant naked short it like gold which is paper traded.

3/Things will get more expensive because currencies are going down pegged against BTC have you noticed its happening already.

4/It has more time to run because a lot of investors are still on the side line because people don't know it like they didn't know the Internet in 1994 but now everyone uses the Net.

5/The bubble cant bust because it will get to big and have its own true value because they can only mine a certain amount by the year 2140.Other digital currency will be pegged against it.

6 People will prefer to use this kind of transaction because its instant like like a bank transfer taking 3days with a middle man .PLus the fees are like a fraction to the banks.
7.It will actually be a one world currency not like normal money where you have to exchange it for what ever country your in.

These are just my personal thoughts.
 Quoting: plushtek



Your personal thought are

1: Wrong
2: Retarded

You CAN short BTC....Plenty ETFs which are designed to do just that.


90% of BTC is owned by 5% of holders. It can be crashed at any time.

It's pegged to nothing.

It will reach 0 before it reaches 500k.
Anonymous Coward
User ID: 72715943
United States
04/21/2024 02:14 AM
Report Abusive Post
Report Copyright Violation
Re: Bitcoin and Digital currencies will break the Banks and Cause massive inflation and BTC will hit 500k!
Well it not Zero right now
Anonymous Coward
User ID: 86674841
United States
04/21/2024 02:23 AM
Report Abusive Post
Report Copyright Violation
Re: Bitcoin and Digital currencies will break the Banks and Cause massive inflation and BTC will hit 500k!
Bitcoin and Digital currencies will break the Banks and Cause massive inflation and hit 500k!

1/Banks need liquidity for loans and bank transactions to make profits for share holders and Fat CEOS, money is flowing out of the banks into the cypocriptic currencies. Also in some countries there are negative interest rates or little of no advantage having a savings account because fees chew up your savings or low interest rates.

2/BTC is free market with no short selling yes you can sell it down for profit but you cant naked short it like gold which is paper traded.

3/Things will get more expensive because currencies are going down pegged against BTC have you noticed its happening already.

4/It has more time to run because a lot of investors are still on the side line because people don't know it like they didn't know the Internet in 1994 but now everyone uses the Net.

5/The bubble cant bust because it will get to big and have its own true value because they can only mine a certain amount by the year 2140.Other digital currency will be pegged against it.

6 People will prefer to use this kind of transaction because its instant like like a bank transfer taking 3days with a middle man .PLus the fees are like a fraction to the banks.
7.It will actually be a one world currency not like normal money where you have to exchange it for what ever country your in.

These are just my personal thoughts.
 Quoting: plushtek



Your personal thought are

1: Wrong
2: Retarded

You CAN short BTC....Plenty ETFs which are designed to do just that.


90% of BTC is owned by 5% of holders. It can be crashed at any time.

It's pegged to nothing.

It will reach 0 before it reaches 500k.
 Quoting: Anonymous Coward 78934466


It was a great post from 2017.

You are a fucking retarded bitter no coiner.
Anonymous Coward
User ID: 72715943
United States
04/21/2024 02:37 AM
Report Abusive Post
Report Copyright Violation
Re: Bitcoin and Digital currencies will break the Banks and Cause massive inflation and BTC will hit 500k!
This is a 7 year old post…check it in another 7
Shaun Kaven

User ID: 77851499
United States
04/21/2024 02:39 AM

Report Abusive Post
Report Copyright Violation
Re: Bitcoin and Digital currencies will break the Banks and Cause massive inflation and BTC will hit 500k!
2weeks

Last Edited by Shaun Kaven on 04/21/2024 02:50 AM
Like I told my ex-wife, I said: honey, I never drive faster than I can see. Besides that, it’s all in the reflexes…
Anonymous Coward
User ID: 72715943
United States
04/21/2024 02:40 AM
Report Abusive Post
Report Copyright Violation
Re: Bitcoin and Digital currencies will break the Banks and Cause massive inflation and BTC will hit 500k!
nothing will happen
Anonymous Coward
User ID: 85400528
United States
04/21/2024 02:42 AM
Report Abusive Post
Report Copyright Violation
Re: Bitcoin and Digital currencies will break the Banks and Cause massive inflation and BTC will hit 500k!
Wrong…you trade Bitcoin directly for goods and services
 Quoting: Anonymous Coward 72715943


wrong. you trade bitcoin for a first level fiat and then trade that for goods and services. bitcoin and crypto in general is a second level fiat. a fiat built on other fiats.

a ponzi scheme in other words.
 Quoting: Anonymous Coward 86286425


Poster is an idiot. Not a Ponzi.
Anonymous Coward
User ID: 72715943
United States
04/21/2024 02:47 AM
Report Abusive Post
Report Copyright Violation
Re: Bitcoin and Digital currencies will break the Banks and Cause massive inflation and BTC will hit 500k!
65,108
Anonymous Coward
User ID: 72715943
United States
04/21/2024 03:45 AM
Report Abusive Post
Report Copyright Violation
Re: Bitcoin and Digital currencies will break the Banks and Cause massive inflation and BTC will hit 500k!
Will gold drop back to $1900?
Anonymous Coward
User ID: 78687420
United States
04/21/2024 10:00 AM
Report Abusive Post
Report Copyright Violation
Re: Bitcoin and Digital currencies will break the Banks and Cause massive inflation and BTC will hit 500k!
It’s happening
Anonymous Coward
User ID: 85271890
United States
04/21/2024 10:08 AM
Report Abusive Post
Report Copyright Violation
Re: Bitcoin and Digital currencies will break the Banks and Cause massive inflation and BTC will hit 500k!
If there is massive inflation and it costs 500,000 dollars for a loaf of bread and you have 500,000 dollars in bitcoin, you are somehow protected from inflation, I don't get it.
Anonymous Coward
User ID: 78687420
United States
04/21/2024 10:09 AM
Report Abusive Post
Report Copyright Violation
Re: Bitcoin and Digital currencies will break the Banks and Cause massive inflation and BTC will hit 500k!
Bitcoin can be traded for goods and services
Anonymous Coward
User ID: 78372275
United States
04/21/2024 10:10 AM
Report Abusive Post
Report Copyright Violation
Re: Bitcoin and Digital currencies will break the Banks and Cause massive inflation and BTC will hit 500k!
I'm pretty sure it's the inflation lie that will break the banks.

Our government is pretending like inflation is 3% annually rather than the reality that it is 3% a month, not including the actual cost of living.

That's conservatively around 36% annually.

Essentially the financial system is under controlled Demolition right now by the powers that be.

How do you suppose people will be able to repay bank loans and lines of credit with their cost of living doubling and tripling in such a short amount of time?

Hint, they can't and this is by design.

Back in the 70's when they had an inflation crisis that wasn't intentional, they were giving people monthly cost of living increases so that the economy did not collapse.

The dollar also went about 6 or 7 times further back then.

This might not be like the great depression so much either, as this is apparently a manufactured crisis where they will present a solution. Probably a global digital currency and the end of the US constitution.
Anonymous Coward
User ID: 56839711
United States
04/21/2024 10:20 AM
Report Abusive Post
Report Copyright Violation
Re: Bitcoin and Digital currencies will break the Banks and Cause massive inflation and BTC will hit 500k!
Miners are currently losing $500 million per month
But no coiners are gonna admit that.

.
Anonymous Coward
User ID: 78687420
United States
04/21/2024 10:21 AM
Report Abusive Post
Report Copyright Violation
Re: Bitcoin and Digital currencies will break the Banks and Cause massive inflation and BTC will hit 500k!
stubborn
Anonymous Coward
User ID: 78372275
United States
04/21/2024 10:35 AM
Report Abusive Post
Report Copyright Violation
Re: Bitcoin and Digital currencies will break the Banks and Cause massive inflation and BTC will hit 500k!
Miners are currently losing $500 million per month
But no coiners are gonna admit that.

.
 Quoting: Anonymous Coward 56839711



It's not a scam that can go on forever. The technology is worthless if it can't scale on chain.

What happens if this ghey idea of "digital gold" really catches on and people actually do want to transact using authentic BTC fake Bitcoin or the like and discover they have to wait days for a transaction to go through because the network is congested and can only process 6 transactions per second?
Anonymous Coward
User ID: 78687420
United States
04/21/2024 10:37 AM
Report Abusive Post
Report Copyright Violation
Re: Bitcoin and Digital currencies will break the Banks and Cause massive inflation and BTC will hit 500k!
It takes $12,000 of electricity to make a Bitcoin
Anonymous Coward
User ID: 86567831
United States
04/21/2024 10:37 AM
Report Abusive Post
Report Copyright Violation
Re: Bitcoin and Digital currencies will break the Banks and Cause massive inflation and BTC will hit 500k!
[link to godlike.com (secure)]





GLP